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The wastewater treatment service market size is forecast to increase by USD 22.63 billion, at a CAGR of 6.67% between 2022 and 2027. The market's expansion hinges on various factors, notably stringent environmental regulations aimed at sustainability and pollution control. As industrialization accelerates globally, there's a corresponding surge in demand for resources like reclaimed water, driving innovation and investment in water treatment technologies. This growth is further fueled by a collective emphasis on environmental stewardship and conservation efforts, aligning with regulatory mandates. The convergence of these factors creates a dynamic landscape where companies are compelled to adopt eco-friendly practices and develop efficient solutions to meet the rising demand for sustainable water management. This market evolution reflects a shift towards a greener and more responsible approach to industrial processes, underscoring the significance of environmental considerations in driving industry growth.
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This report extensively covers market segmentation by end-user (chemical and pharmaceutical, food pulp and paper, oil and gas, metals and mining, and others), type (design and engineering consultation, building and installation services, operation and process control, and maintenance services), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market encompasses a wide range of segments and technologies to address various challenges. Settling operation is fundamental in separating suspended solids from water during treatment processes. This becomes crucial in regions facing critical water stress, where seawater desalination plays a significant role in meeting water demands. The desalination process and its capacity are key considerations in areas with limited freshwater resources. The market also sees growth through acquisition deals and strategic partnerships, driving advancements in wastewater treatment technologies and solutions tailored to both the industrial and municipal segments. Effective management of raw materials and freshwater resources underscores the industry's commitment to sustainability and efficient water use in the face of growing challenges in the water industry. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rapid industrialization is notably driving the market growth. Rapid industrialization has resulted in the migration of the population from rural to urban areas and economic advances in emerging nations. This has resulted in an increased population density in the cities. The increasing urban population is resulting in higher industrial activity with the addition of new and expansion of existing industries. The industrialization has, therefore, led to an increase in the standard of living and production of goods, which, in turn, has led to a rise in the consumption of water.
Moreover, different industries such as construction, food and beverage, oil and gas, power, mining, refineries, steel manufacturing, electronics, and pharmaceuticals involve processes that can contaminate water resources. This has led to a rise in wastewater generation, thereby increasing the stress of fulfilling water demand. This, in turn, has led government agencies to promote water conservation. As a part of the water conservation activities, industries are required to reuse the water, thus driving the installation of treatment services. Hence, rapid industrialization is expected to drive the global water and wastewater treatment service market during the forecast period.
Increasing demand for water reuse is an emerging trend in the water and wastewater treatment service market. Wastewater treatment in industries is gaining popularity, owing to the depleting water resources globally and increasing wastewater disposal costs. Additionally, climate change is expected to increase water demand while simultaneously reducing water supplies. It has the potential to increase the evaporation of water into the atmosphere in warmer regions and precipitation in other areas. This will adversely impact the quality of water.
Furthermore, owing to the depletion of freshwater resources and the increase in demand for water, stringent regulations have also been imposed on water reuse and recycling. Moreover, there is a shift in paradigm from treatment and disposal to reuse, recycle, and resource recovery. As a result, companies are investing in wastewater treatment services. As water consumption in the industrial sector is significant, the demand for such treatment services will increase to ensure the judicious use and reuse of water and prevent the contamination of the environment due to the disposal of water. This, in turn, is expected to drive the market during the forecast period.
The impact of hard water on wastewater treatment equipment is a major challenge impeding water and wastewater treatment service market growth. The presence of calcium and magnesium ions in water can cause water hardness. These ions bind, thicken, and harden as their concentration in water increases and tend to get deposited on the membranes in the wastewater treatment plants, thereby blocking the membranes. This, in turn, reduces the shelf life of the equipment. This phenomenon is called the scaling of membranes. Hence, membranes require frequent backwashing to overcome this issue. Moreover, the clogging of membranes may also require frequent replacement, which adds to the O&M costs of the systems.
Furthermore, the scaling of the membrane caused due to hard water can impede the performance of the RO system, thereby resulting in the wastage of water, increased utility bills, and inefficient water treatment. Hence, pre-treatment is important in treating industrial wastewater, as it protects the membrane against chemical degradation, organic fouling, and mineral scaling. Such pre-treatments result in increased capital and operating costs for the customers. Hence, the issue of water hardness poses a challenge to the growth of the global water And wastewater treatment service market during the forecast period.
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the water and wastewater treatment service market.
Cortec Corp.- The company offers vapor phase corrosion inhibitors and migrating corrosion inhibitors. The key offerings of the company include wastewater treatment services.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market research and growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth analysis, data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a wide range of segments and technologies to address various challenges. Settling operation is fundamental in separating suspended solids from water during treatment processes. This becomes crucial in regions facing critical water stress, where seawater desalination plays a significant role in meeting water demands. The desalination process and its capacity are key considerations in areas with limited freshwater resources. Competition within the industrial segment drives innovation in water treatment chemicals tailored for specific industries like the pulp and paper industry. Technologies such as reverse osmosis and membrane filtering are prominent in treating industrial wastewater, particularly from oil & gas operations and other industrial processes.
The market share growth by the chemical and pharmaceutical segment will be significant during the forecast period. Owing to the variety of pharmaceutical products, such as biopharmaceuticals and chemical pharmaceuticals, and the difference in their production scales and processes, many kinds of pharmaceutical wastewater are generated. This will lead to an increase in demand for services to treat such wastewater.
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The chemical and pharmaceutical segment was valued at USD 14.08 billion in 2017 and continued to grow until 2021. Biopharmaceutical wastewater is characterized by a high concentration of antibiotic wastewater, with strong fluctuations in quantity, high sulfate concentration, complicated composition, and biological toxicity, while chemical pharmacy wastewater has a high concentration and salt content. It is difficult to biodegrade toxicity according to strict government standards. Therefore, the treatment of pharmaceutical wastewater is highly essential, which is expected to drive the segment during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global water and wastewater treatment service market during the forecast period. Another region offering significant growth opportunities to companies is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, the US and Canada were the major contributing countries to the market in North America. This is due to factors like the presence of stringent water purification regulations, and the presence of large industrial infrastructure in the power generation, oil and gas, mining, chemical, and pulp and paper industries in the US. Moreover, a rising need for sustainable practices for greater water reuse, which will help conserve the environment will also fuel the regional water and wastewater treatment service market during the forecast period.
Additionally, there are serious water shortages in states such as California, Arizona, Texas, and Georgia in the US. Hence, the increased water reuse rate is one of the major reasons for the increased demand for water treatment in the US. Furthermore, many end-user industries are also adopting strategic plans to ensure water security for their businesses, communities, and nature everywhere. For instance, Coca-Cola is focusing on achieving 100% use of regenerative water for its bottling operations in water-stressed locations by reducing, reusing, and recycling. Such initiatives taken by end-users to deal with water scarcity will increase the use of treatment equipment, thereby, boosting the regional water and wastewater treatment service market growth during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is pivotal in addressing environmental challenges related to contaminants, impurities, and effluent. With a focus on chemical treatment and filtration, industries like oil & gas, chemical & pharma, and pulp & paper rely on efficient water treatment systems to manage liquid waste and minimize water pollution.The demand for wastewater treatment services is driven by concerns over water availability and environmental deterioration, prompting green technologies adoption and infrastructure upgrades. Notably, facilities like the Dallman Power Plant implement advanced techniques such as Membrane Bioreactors (MBRs) and Dissolved Air Flotation (DAF) for biological oxygen demand reduction.
Moreover, challenges in the market include intensive energy consumption, risky downtime, and regulatory compliance, especially with guidelines like the Oil & Gas Extraction Effluent Guideline & Standards. Companies like Pentair and Kemira lead with innovative solutions and strategic partnerships, offering Membrane separation and UV disinfection technologies. In the wake of environmental pollution, water contamination, and emergency measures like lockdowns, the water industry adapts with real-time microbial monitoring and statistical process control. The market caters to municipalities and industrial segments, ensuring effluent quality compliance and discharge standards adherence while addressing health risks and promoting clean water resources for sustainable development.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
Market growth 2023-2027 |
USD 22.63 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.81 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, France, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Apex Co. LLC., Aries Chemical Inc., Cortec Corp., Eckstine Electric Co., Ecolab Inc., EVOQUA WATER TECHNOLOGIES CORP., Feralco AB, Hydrite Chemical Co., Italmatch Chemicals Spa, Rockwell Automation Inc., Skanska AB, Solenis LLC, SUEZ SA, The York Water Co., Thermax Ltd., Veolia Environment SA, WABAG Group, WOG Group, WSP Global Inc., and Xylem Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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